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October 22, 2021

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Stellantis powers up electric plans with Samsung SDI U.S. deal

Reuters
A Stellantis sign is seen outside the company’s headquarters in Auburn Hills, Michigan, U.S., June 10, 2021. REUTERS/Rebecca Cook/File Photo Follows similar deal with battery maker LGES JVs to provide up to 80 GWh annual battery capacity Stellantis aims for over 40% of U.S. sales from EVs Group targets global......

Intel shares sink as chipmaker predicts lower margins in years ahead

Reuters
Visitors are seen at the Intel booth during the China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai, China July 30, 2021. Picture taken July 30, 2021. REUTERS/Aly Song/Files Oct 21 (Reuters) – Intel Corp (INTC.O) on Thursday forecast lower profit margins for years to come as......

Western Digital talks to merge with Kioxia stall – sources

Reuters
A Western Digital office building is shown in Irvine, California, U.S., January 24, 2017. REUTERS/Mike Blake/File Photo Oct 21 (Reuters) – Western Digital Corp’s (WDC.O) talks to merge with Japanese chipmaker and partner Kioxia Holdings Corp have stalled over the last few weeks, two people familiar with the matter told......

Samsung Electronics close to finalising $17 bln Texas chip plant -sources

Reuters
SEOUL/SAN FRANCISCO, Sept 29 (Reuters) – Samsung Electronics Co Ltd (005930.KS) is close to finalising the construction of a $17 billion semiconductor factory in Williamson County in the U.S. state of Texas, three people with knowledge of the matter said. Samsung told Reuters that it is continuing due diligence in......

ASML hikes financial forecasts, sees sales of $28-35 bln by 2025

Reuters
AMSTERDAM, Sept 29 (Reuters) – ASML Holding NV (ASML.AS), one of the key suppliers to computer chip makers, increased its financial forecasts on Wednesday and said it would have revenue growth of around 11% annually through 2030 amid booming demand for its products. In a pre-market statement, the company estimated......

Netflix buys first video game studio, rolls out mobile games

Reuters
The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy Nicholson Sept 28 (Reuters) – Netflix has bought video game creator Night School Studio and rolled out five mobile gaming titles in select European markets, the company said on Tuesday, as it......

Some Apple, Tesla suppliers suspend production in China amid power pinch

Reuters
Sept 27 (Reuters) – Several Apple Inc (AAPL.O) and Tesla Inc (TSLA.O) suppliers have suspended production at some Chinese factories for a number of days to comply with tighter energy consumption policies, putting supply chains at risk in the peak season for electronics goods. Two major Taiwanese chipmakers, however, said......

Google CEO sought to keep Incognito mode issues out of spotlight, lawsuit alleges

Reuters
Sept 24 (Reuters) – Google Chief Executive Sundar Pichai in 2019 was warned that describing the company’s Incognito browsing mode as “private” was problematic, yet it stayed the course because he did not want the feature “under the spotlight,” according to a new court filing. Google spokesman José Castañeda told......

Amazon launches service aggregating video streaming apps in India

Reuters
The logo of streaming service Amazon Prime Video is seen in this illustration picture taken March 5, 2021. REUTERS/Danish Siddiqui/File Photo NEW DELHI, Sept 24 (Reuters) – Amazon.com Inc (AMZN.O) launched in India on Friday eight global and local streaming services on its video platform, in a move aimed at......

White House prods companies on chips information request

Reuters
WASHINGTON, Sept 23 (Reuters) – The White House is pressing automakers, chip companies and others to cooperate in a bid for more information about the ongoing semiconductor crisis that has forced cuts to U.S. auto production, but made clear on Thursday that the industry needs to take the lead to......

U.S. envoy resigns over expulsions to Haiti from Texas camp

Reuters
CIUDAD ACUNA, Sept 23 (Reuters) – The U.S. envoy to Haiti dramatically resigned on Thursday in a letter that excoriated Washington for deporting hundreds of migrants to the crisis-engulfed Caribbean nation from a border camp in recent days. The resignation was confirmed by a senior official at the U.S. State......

Australia’s Commonwealth Bank mocks Apple’s ‘pro-competition’ claim

Reuters
A customer holds the iPhone X during the global launch of the new Apple product in central Sydney, Australia, November 3, 2017. REUTERS/David Gray Apple welcomes competition if no one competes with Apple – CBA CBA wants Apple to open its NFC chip for other mobile payments Regulator probing Apple’s......

Sony Group unit to buy India’s Zee Entertainment

Reuters
BENGALURU, Sept 22 (Reuters) – Sony Group Corp’s (6758.T) Indian unit will buy media giant Zee Entertainment Enterprises Ltd (ZEEL) (ZEE.NS), days after Zee’s shareholders asked for a management reshuffle, including the exit of Chief Executive Punit Goenka from the board. Zee, which has a presence in television broadcasting and......

Investors tune in as Universal leaps on market debut

Reuters
Shares surge almost 40% in early trade Biggest European listing of the year Listing is a coup for Amsterdam exchange AMSTERDAM, Sept 21 (Reuters) – Universal Music Group’s (UMG.AS) shares leapt more than a third in their stock market debut on Tuesday as investors bet a boom in music streaming......

Russian pro-Putin party wins majority after crackdown; foes cry foul

Reuters
Partial results suggest emphatic United Russia win Pre-vote crackdown crushed Kremlin critics Critics allege widespread fraud, authorities deny Watchdog recorded numerous violations MOSCOW, Sept 20 (Reuters) – Russia’s ruling United Russia party, which supports President Vladimir Putin, retained its parliamentary majority after an election and a sweeping crackdown on its......

Navalny allies accuse YouTube, Telegram of censorship in Russian election

Reuters
MOSCOW, Sept 18 (Reuters) – Jailed Kremlin critic Alexei Navalny’s allies accused YouTube and Telegram of censorship on Saturday after the video platform and messaging app restricted access to their anti-government voting recommendations for Russia’s parliamentary election. Navalny’s allies already accused Alphabet’s (GOOGL.O) Google and Apple of buckling under Kremlin......

Google, Apple remove Navalny app from stores as Russian elections begin

Reuters
The Russian opposition politician Alexei Navalny’s Smart Voting app is seen on a phone, in Moscow, Russia September 16, 2021. REUTERS/Shamil Zhumatov MOSCOW, Sept 17 (Reuters) – Alphabet’s Google (GOOGL.O) and Apple (AAPL.O) have removed jailed Kremlin critic Alexei Navalny’s tactical voting app from their stores, his team said on......

Banks beware, outsiders are cracking the code for finance

Reuters
Embedded finance investment jumps in 2021, data shows Buy now pay later deals take centre stage Fintech market valuations leapfrog banks LONDON, Sept 17 (Reuters) – Anyone can be a banker these days, you just need the right code. Global brands from Mercedes and Amazon (AMZN.O) to IKEA and Walmart......

FTC staff to present findings on Big Tech’s smaller acquisitions

Reuters
WASHINGTON, Sept 15 (Reuters) – Staff of the Federal Trade Commission will present their findings on Wednesday on business deals that tech platforms like Facebook (FB.O) and Alphabet’s (GOOGL.O) Google did that were sometimes too small to prompt antitrust review. The agency, which began holding open meetings after progressive Lina......

Apple unveils iPhone 13, adds new features to iPads, watches

Reuters
The Apple Inc. logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar Sept 14 (Reuters) – Apple Inc (AAPL.O) on Tuesday unveiled a new iPhone 13 and 13 Mini with brighter screens to entice customers......

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